Aust Q4 CPI – Core Inflation Already Exceeds Peak in RBA’s Forecasts

Headline CPI 1.3%qtr/3.5%yr; trimmed mean 0.97%qtr/2.6%yr, weighted median 0.95%qtr/2.7%yr. Core inflation is now above the mid-point of the RBA’s inflation target, not something the RBA was expecting in its forecast profile this early nor of this magnitude. Headline inflation came in stronger than expected at 1.3% exceeding the top of the range forecast at 1.2%. […]

The post Aust Q4 CPI – Core Inflation Already Exceeds Peak in RBA’s Forecasts appeared first on Action Forex.